VIDEO: ‘Unemployment compensation on steroids’: Here’s what relief package will do for benefits
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The $2 trillion bipartisan pandemic relief deal reached early Wednesday morning will massively expand unemployment insurance, effectively turning it into four months of salary replacement for many workers sidelined by the coronavirus.
The provision will add a flat $600 a week to unemployment benefits, Senate Minority Leader Chuck Schumer said Wednesday, and flow to a broader range of unemployed workers.
The article goes on to state the following:
By extending the benefit to workers who are furloughed rather than just those who are laid off, the provision will allow workers to stay connected to their jobs, Schumer said, meaning that the business can quickly reemploy them when the virus-related shutdowns end.
Schumer, speaking on the Senate floor, said of the new expansion: “We call it unemployment compensation on steroids.”
The provision will allow American workers who are laid off to “have their salary remunerated by the federal government so they can pay their bills,” he added.
— Maria Bartiromo (@MariaBartiromo) March 25, 2020
— CNN Breaking News (@cnnbrk) March 25, 2020
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